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<br /> � �. Timm Prop�rties III Limited P�rmcrship 6_.__
<br /> ?n# 233 East Currillo 3treet,Suite D
<br /> Sant�Barbarc�,Californiu 93101 �� �
<br />- • �--
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<br /> .;,`�;:: The name and adde�ss of Beneficiary (as Secured Party under any applicable Uniform
<br />�-�, Commercinl Ccde)are: --
<br />. �.•� Firat Union National Bank �--
<br />. :• ���•:� One First Union C�nter,DCG �
<br /> Chazlotte,North Camlina 282$8-0166
<br /> .`���;. 1.23 Rs+�ement�and Righ_ts-of-Wav. Tivstor shall not�ant any easeraent or right-of- !
<br />="'��'_— way with respect to all or any poYtion of Yhe Land or the Irnpr�vements without the prior wrltten r
<br /> =°-"�-� consent of�eaeSciary. The purchaser at any foreclosure sale hereunder may,at its discretion,
<br />^•''`�'� disa�rra any easenneat or right-of-way Arant�d in violation of any of 4ize provisians af this L'�ed �
<br /> •=f yr�� of Trust and may take immediate possession of the Property free from,and despit8 the teims o�
<br />.:1�=�,;,:�� such gra�t of easement or right-of-�vay. If Heneficiary consents to the g�ant of an eas�neAt or
<br /> Y right-of-way, �eneficiary agrees to grant such consent provided that beneficiary is paid a
<br />�•:``'-_'�� -
<br /> .F-'=r-- standand t+aview fee toget�er with all other expenses, including,without limiiarion, attomeys•
<br /> �; fees, incumed by Beneficiary in the reviev�r vf Tmswr's request aad in the prepar�tion of
<br /> ��a�� documents e.@'ecting the subordination.
<br /> ��� � 1.24 Camglianc___e with �aws. Trustor shall at all times comply with all statutes.
<br /> ordi�ances,orders,regulations and other govexnmental or quasi-govemmental requirements and
<br /> -=--= private covena�►ts now or hereafter relating to the ownership. consuuction, us$or operauon u�
<br />____-__ = the Property> inaluding,but not laa�it�fa,*hnso c�n��m�g e�►�1.,�R,►��1 cnmpensation of _
<br /> �. psrsons engaged in operation affid maintenacace of the Prnperty and aay environmental or
<br /> '�=:.' ecological requirauents,even if sa���n compliance shall reo�uaare stiuctural chunges to the PropertS,
<br /> . �� ;�.provided.however.thai.Trustor may,uper��p�v,iding$�neficiary with socurity satisfactory to
<br /> ,;, p $ licabili of an
<br /> ::;.�� Beneficiary. roceed dili ently and iu go�,�iY�b w contest the valid'aty or aPP tY Y
<br /> - s�ch statute, ordinance,regulation or requirement so lon�as during�sucb contest the Property
<br /> '�"' shall not be�ubjest to any lien,chazge,fiae or other liabilizyr aad shalt not be in danger of being
<br /> ' forfeited,lost or closed. Tnistor shall not use or occupy,or allow the use ar occupancy of,the
<br /> pmperty in any manacr wluch violates any�Lease of or any other agreemen�t ap�licable to the
<br /> Property or any applicable law,rule,regul�tia�a or order or w}aich constitutes a public or private
<br /> nuisance or which makes void, voidat�l����i�caneBlable, or inereases the premium o� anY
<br /> ins�rance then in,Force with respeot'�&ereto: , � ��
<br /> , ,: ,�,�
<br /> ����� � 1.ZS Addida_n_a�.T�aces. Ia the ev�Y o�the enactment after tlus date of an►y law��,��� � � -
<br /> �`� :state where the Pooperty�is located or of ar�y Q�er goveramental endty deducting from tha v���
<br /> of the Froperty for the purpose of taxatio�e any lien or securiry interest thereon,or imposing u�on -
<br /> ,,;,��� BeneSciary the payment of the w$mte or eu�ptut of t�e taxes or assessments er charges or liens
<br /> = herein required to bs paid by Tnistor,or clt��$ing in any v�►aY the lawa relating to th�e taxation of
<br /> ���'�: deeds of trus�mortgages or s�curity ag�ements or debts secured by deeds of trust,mortgag��or
<br /> . security agteements or the interest�f the beneSciary,mortgagee er secwred patty;�p:tlte p�tY
<br /> -_ __ � covered thereby,or the manner o�r�llectiom of such taxes,so as to adversely affeck.ihis Deed of � . -
<br /> � 'd'sust or the indebtedness secured hereby a��3ene$ciary, then,and in any such event,'1`r�stor, �
<br /> ---=;�%-�',�'� DOCSNYl:551376.2 '
<br /> ---_---- � 8233-676JK9 31 �
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